Tesla signs five-year deal with Chinese company for lithium supply

China's Sichuan Yahua Industrial Group has signed a five-year deal with Tesla to supply battery-grade lithium hydroxide to the EV manufacturer. The total value of the contract was put at $630-880 million over 2021-25 in a filing to the Shenzhen Stock Exchange, Reuters reported. Ganfeng Lithium, one of the world's largest lithium producers, also supplies the commodity to Tesla.